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May 11, 2007 at 10:45:52

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Gap between rich and the rest must be narrowed

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By Jerry West (about the author)     Page 2 of 2 page(s)

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If we are to significantly improve the lot of those below the median income line, particularly those on the bottom, then raises in their incomes will have to come from the incomes of those on the top. Among other things, we need to be considering higher marginal tax rates to provide more services to the public, and income subsidies to low income workers to cushion small businesses from the cost of increased wages.

Regressive economists who make a living apologizing for the rich will tell you that making people wealthy is good because a rising tide raises all boats. They obviously do not understand the tides or they wouldn't push that metaphor. Tides, as we know, rise in one place as they drop in another. Some boats go up while others go down.

A simple examination of the income spread in society will tell you which way the tide is flowing. The challenge is to manage the flow so that it goes neither too high nor too low.

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Jerry West grew up on a farm in California and is currently Editor and Publisher of THE RECORD newspaper in Gold River, BC. Graduate with Honors and graduate school, UC Berkeley. Vietnam veteran and Former Sgt. USMC

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Gap between rich and the rest must be narrowed by Robert Chapman on Friday, May 11, 2007 at 5:58:55 PM

 
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